Trina Solar Ltd. agreed to be taken private in a management-led buyout deal nearly eight months after the solar-panel maker received a preliminary offer. Under the deal, expected to close in the first quarter of next year, holders would receive $11.60 per American depositary share, equal to the initial preliminary price in December, according to The Wall Street Journal. The offer price reflects a 22% premium to Trina’s ADR price before the preliminary offer from Chief Executive Jifan Gao and an investor group was disclosed. The bid also reflects a 41% premium to Friday’s close. Trina’s ADRs rose 26% to $10.38 in midday trading in New York.
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